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Report from Skanska’s Annual Shareholders’ Meeting

4/11/2013 7:00 PM CET
Press release

The following resolutions were made at Skanska AB’s Annual Shareholders’ Meeting held in Stockholm today, inter alia:

The dividend for 2012 was approved in accordance with the Board’s proposal a dividend of SEK 6.00 per share. The record date for the dividend is April 16, 2013.

The Annual Shareholders’ Meeting re-elected Board members Stuart E. Graham, Johan Karlström, Fredrik Lundberg, Sverker Martin-Löf, Adrian Montague, Lars Pettersson, Josephine Rydberg-Dumont, Charlotte Strömberg and Matti Sundberg. Pär Östberg was elected as new Board member.

Pär Östberg is Executive Vice President of AB Industrivärden, while his background is with the Volvo Group, where he held positions including those of Executive Vice President and member of Volvo Group management from 2005 to 2012.

Stuart E. Graham was re-elected Chairman of the Board.

The Meeting re-elected KPMG as auditor, the auditor in charge will be George Pettersson.

The Meeting also resolved to authorize the Board during the period until the next Annual Shareholders’ Meeting to acquire not more than 4,500,000 own B shares. The intention is to secure delivery of shares to the participants in the long-term share-savings program SEOP (2011-2013).

The Meeting resolved that not more than 763,000 Series B shares in Skanska AB that have been purchased by virtue of previous authorizations to repurchase own shares may, prior to the annual shareholders’ meeting 2014, be transferred for the purpose of covering certain costs, that may occur in relation to the long-term employee ownership programs resolved on by the extraordinary shareholders’ meeting on November 29, 2007 (SEOP 2008-2010) and the annual shareholders’ meeting on April 13, 2010 (SEOP 2011-2013).

The Meeting resolved to adopt the Board’s proposal regarding the extension of the long-term share-savings program, SEOP (2014-2016) for all of the Group’s permanent employees for the period 2014-2016. The Annual Shareholders’ Meeting authorized the Board to purchase a maximum of 2,000,000 own B shares up to the next Annual Shareholders’ Meeting to secure delivery of shares to the participants in the new program. Furthermore, the Meeting decided to approve the transfer of not more than 11,210,000 Skanska B shares to participants in the program. Each Annual Program may comprise no more than 4,500,000 Series B shares in Skanska.

Contact: Pontus Winqvist, Managing Director Asset Management
Telephone +46104488851